BC-2.7.12

Past version: Effective from 18 Jul 2025 to 30 Jun 2007
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Investment firm licensees may only aggregate an order for a client with an order for other clients, or with an order for its own account, where:

(a) it is unlikely that the aggregation will disadvantage the clients whose orders have been aggregated; and
(b) it has disclosed to each client concerned in writing that it may aggregate orders, where these work to the client's advantage.